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The Key Takeaways
- Quantum stocks rallied Wednesday, a day after a Microsoft blog post called 2025 "the year to become quantum-ready."
- The tech giant introduced a program called "Quantum Ready" it said involves collaboration with business leaders in the sector.
- Microsoft's show of support helped quantum stocks partially recover from recent bearish comments from the Meta Platforms CEO Mark Zuckerberg and Nvidia counterpart Jensen Huang.
A day after Microsoft’s blog post titled 2025, Quantum shares rallied on Wednesday. “the year to become quantum-ready,” Mitigating recent losses triggered by prominent bearish remarks on the industry.
Recent trading saw Rigetti Computing shares (RGTI), D-Wave Quantum Shares (QBTS), IonQ Stocks (IONQ) and Quantum Computing share (QUBT) all surge 15%.
Microsoft on Tuesday unveiled its "Quantum Ready" program, which it said will involve working with quantum computing business leaders in one-on-one workshops and industry forums. The program will "invest in strategic skilling and access to reliable quantum computers for experimentation," Microsoft said.
Zuckerberg, Huang Comments Had Hit Quantum Stocks
After negative comments by Meta Platforms CEO Mark Zuckerberg and Nvidia CEO Jensen Huang, the blog post came as a fresh breath for quantum companies. “very useful quantum computers” Shares continue to spiral in the face of a 15-30 year time horizon.
Rigetti Computing’s stock, for instance, lost two thirds of its value in three sessions, closing at $6.05 Monday. It had risen to $10.30 by Wednesday afternoon.
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